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Plano Corporation reported net income $14,000, net sales $200.000, and average assets of $300.000 for 2022. What is the 2022 profit margin? Show your calculation.

Plano Corporation reported net income $14,000, net sales $200.000, and average assets of $300.000 for 2022.

What is the 2022 profit margin? Show your calculation.

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